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Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

TSX:BTE - Post Discussion

Baytex Energy Corp > Natural Gas up to $7.94
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Post by fortunefavorsus on May 03, 2022 8:57am

Natural Gas up to $7.94

According to BTE presentation.25 change in NYMEX natural gas price results in 4.8 million in yearly revenue including hedges.  Last year NYMEX price was $2.83 and AECO $2.85.  So roughly (20*4.8/4) results in approximately 25 million quarterly increase in revenue just for NYMEX from last year.  AECO in Canada probably is close to that amount.  So roughly a $50 million increase in revenue from last year for just natural gas if prices stay up?  Best I could do with information provided by Baytex.  Anybody see it different.
Comment by red2000 on May 03, 2022 12:06pm
Hi Fortune ! Just add the increase of production !!! I think, when they drill new wells, the 1st product that comes out of the ground is gas... May be an expert may confirm it, here !? For example, at Eagle Ford, they expect to bring ~ 17 net wells on production in 2022. See below production per site so far for Q1 2022 - Ref. Q1 report - page 11
Baytex Energy Corp